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52 Boston Startups Net $1.5 Billion+ In May

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Boston’s biotech industry raised more than $1.5 billion in venture capital funding in May, BostInno reported. BostInno reported that fundraising for new investments by venture capital and private equity firms was less but still evident. Below are the startups that raised capital in May, according to data compiled by BostInno.

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Boston Fed Chief Warns Of US Credit Tightening; Calls For More Aid

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economy could face a credit crunch as the weather gets colder if the coronavirus worsens, experts warn, Reuters reported. Without additional financial aid, all of these things could make it harder for both consumers and businesses to access credit, according to Boston Federal Reserve President Eric Rosengren. “I

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New Regulations Prompt Airbnb To Yank Boston Listings

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Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. In Boston, the new regulations are meant to stop the practice of investor units, which are properties that are used specifically for the purpose of short-term rentals.

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Airbnb, Eyeing IPO, Removes Boston Listings Due To New Regs

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Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. In Boston, the new regulations are meant to stop the practice of investor units, which are properties that are used specifically for the purpose of short-term rentals.

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Boston Telemedicine Company Amwell Prices IPO

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Amwell , the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. The Motley Fool reported privately-held Amwell, a subsidiary of Aligned Telehealth Inc., The proceeds would raise between $490 million and $560 million.

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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

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Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

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Facebook Opens New Boston Office

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Facebook , which is headquartered in Menlo Park, California, opened a new office this week in Boston. The space, located in Cambridge, is a 130,000-square-foot area on three floors, according to a reporter for Fortune who took the tour. The new office has room for about 400 more employees.

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